SoftBank-backed delivery start-up DoorDash is reportedly being valued at almost $13 billion
A spokesperson from T. Rowe Price confirmed that the investment came from funds and accounts advised by the firm. The spokesperson declined to comment on the exact funding amount or the valuation. Representatives from DoorDash weren't immediately available for comment.
DoorDash is among SoftBank's big bets out of its Vision Fund and one the Japanese conglomerate needs to pay off handsomely after the recent disaster at WeWork, which in September, and the ongoing public market struggles at Uber. SoftBank CEO Masayoshi Son indicated in his company's recent earnings call that there are other problematic start-ups in the portfolio, including dog-walking provider Wag., lifting the company's valuation at the time to $1.4 billion. DoorDash is investing heavily in a highly competitive market that includes GrubHub and Uber Eats.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Alibaba readies $13 billion Hong Kong listing before the end of NovemberAlibaba will issue 500 million new ordinary shares plus 75 million 'greenshoe' options, and will stay listed in New York.
Baca lebih lajut »
China tells U.S. to back off as Hong Kong violence escalatesHong Kong authorities have adopted an increasingly strident tone in response to the months of unrest, while also telling the U.S. to back off criticizing Beijing's handling of the crisis.
Baca lebih lajut »
12 Actually Really Good Things That Have Come With Getting OlderDon't get me wrong, my 20s were fun—but I'm beyond ready for my 30s.
Baca lebih lajut »
Bolivian Senator Anez takes office as interim presidentBolivian Senator Jeanine Anez declared herself interim president of the South Am...
Baca lebih lajut »